Digital Lending Startup Nira Gets $1 million Seed Funding

Nira got $1 million in seed funding from United Kingdom and India based angel investors on Monday.

Bangalore based digital lender named as Nira received $1 million ( ₹7.3 crore ) investment when UK and Indian angel investors participated in its seed round on Monday.

The fin-tech startup, while issuing a statement on Monday, said that the company aims to put the investment for expanding its core team, technology development and accelerating the startup growth.

Nira, providing personal loans relatively at a low interest rates to Indian consumers, was founded by a British Indian Rohit Sen and a Nagpur born Nupur Gupta in the year 2017.

Before co-founding Nira with Nupur Gupta, Rohit Sen worked as a trader and with the three popular financial institutions in the world namely Bank of America, Merrill Lynch and Goldman Sachs for almost 12 years.

Rohit Sen’s co founding partner Nupur Gupta who hails from Nagpur Rajasthan, a largest state in India, has graduated from IIT Delhi. She has 5.5 years of work experience in finance, worked with Citigroup and Goldman Sachs as quantitative analyst.